Chemung Financial CHMG Provision for Credit Losses
Discontinued — last reported Q1 '26
Provision for Credit Losses at other companies
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Where this comes from
Reported directly by Chemung Financial in its filing.
Tagged under the XBRL concept us-gaap:FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal.
The official record: Chemung Financial’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Chemung Financial's provision for credit losses?
- Chemung Financial (CHMG) reported provision for credit losses of $587K in Q1 2026.
- How has Chemung Financial's provision for credit losses changed year-over-year?
- Chemung Financial's provision for credit losses decreased by 58.0% year-over-year, from $1.4M to $587K.
- What is the long-term trend for Chemung Financial's provision for credit losses?
- Over 2 years (2021 to 2025), Chemung Financial's provision for credit losses has grown at a 1515.5% compound annual growth rate (CAGR), from $17K to $4.44M.
- What does provision for credit losses mean?
- Expense recognized to build or adjust allowances for expected credit losses on loans, receivables, and other financial assets, based on forward-looking CECL methodology.